“We think the case for both Asian equities and fixed income continues to improve and these assets should see further gains over the rest of the year,” they add.
UOB Asset Management (UOBAM) maintains a positive outlook on Asia's equity markets in its 3Q2024 quarterly investment strategy report, observing that previous forecasts are materialising and growth expectations for 2024 remain on-track.
They authors note that Asian equities are turning the corner after a rocky start this year, following volatility in Chinese equities as concerns over the property sector continued to weigh on the equity markets.
